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GUIDELINE FOR NEW SME DEFINITION - SME Corp

GUIDELINE FOR NEW SME DEFINITION Issued by: SME Corp. Malaysia Secretariat to the National SME Development Council October 2013 Updated: August 2016 1 1. Background Since 2005, a common DEFINITION for SMEs endorsed by the National SME Development Council (NSDC)1 has been adopted across Ministries and agencies, financial institutions and regulators involved in SME development programmes.

– Perennial crops (e.g. rubber, oil palm, cocoa, pepper etc.) and cash crops (e.g. vegetables, fruits etc.) – Livestock – Forestry & logging – Marine fishing ... 2 At this moment, for incentives under the Malaysian Investment Development Authority (MIDA) and corporate tax under the Inland Revenue Board (IRB), the definition of SMEs will ...

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